The National Bank of Moldova published its monthly foreign-exchange market indicators for February 2025, showing that net foreign-currency supply from individuals covered 85.0% of economic agents’ net demand, up from 81.1% in January. With both flows down month on month, the central bank sold EUR 25.5 million in the local interbank market. Net FX supply from individuals fell by EUR 8.9 million (-4.2%) to EUR 202.7 million, while net FX sales to legal entities fell by EUR 22.5 million (-8.6%) to EUR 238.4 million. The average MDL exchange rate against the euro rose 0.9% to 19.4600 MDL per EUR and was 0.6% higher at end-February than at end-January; the euro remained the dominant component of individuals’ net FX supply (63.8%), followed by the US dollar (25.0%) and other currencies (11.2%). Over January to February 2025, net FX supply from individuals totalled EUR 414.3 million (+10.5% year on year) against net FX sales to legal entities of EUR 499.3 million (+26.3%), implying a coverage ratio of 83.0% versus 94.8% a year earlier.
National Bank of Moldova 2025-03-21
National Bank of Moldova reports February FX coverage rose to 85% and sold EUR 25.5 million on the interbank market
The National Bank of Moldova reported that in February 2025, net foreign-currency supply from individuals covered 85.0% of economic agents’ net demand, up from 81.1% in January. The central bank sold EUR 25.5 million in the local interbank market as both net FX supply from individuals and sales to legal entities decreased. The average exchange rate of the Moldovan leu against the euro rose 0.9% to 19.4600 MDL per EUR.